CO-OP Financial Services Offers Free P2p-Digital Wallet White Paper

Basis for Upcoming Free Webinar; Register at

RANCHO CUCAMONGA, Calif., (November 19, 2012) – CO-OP Financial Services, the nation’s largest CUSO in terms of credit unions served, total assets and members, is offering a free white paper on Person-to-Person (P2P) and digital wallets.

The white paper focuses on definitions P2P/digital wallets and enabling technologies, a review of key industry developments, and CO-OP’s own recommendations for credit unions considering P2P/digital wallets adoption.

The white paper is available to attendees of free a one-hour webinar that will take place at 11 a.m. Pacific time on Wed., Dec. 5. The white paper will serve as the basis for the webinar presentation. To learn more and to register, go to the CO-OP Events page at:

(See: Webinar: Wed., Dec. 5, 2012, “Are P2P and Digital Wallets Right For Your Credit Union?”)

White Paper/Webinar Executive Summary
Credit unions are seeing strong interest in digital wallets by prospective and existing members. The concept is an attractive one – replace cash and leather wallets with a mobile phone enabling members to make payments from their accounts, including new forms of electronic payment such as person-to-person (P2P).

To help credit unions keep up with the fast-developing P2P/digital wallets technology, CO-OP Financial Services offers a white paper that covers:

  • Definitions of P2P, digital wallets, near-field communications (NFC) and wallets not requiring a swipe or a tap. In addition to rendering technology in plain      English, this section also provides examples of products and providers currently on the market, as well as assessments of adoption successes and challenges to-date.
  • A survey of key recent industry developments from leaders in technology, financial services and retail point of sale.
  • CO-OP’s own recommendations to clients and non-clients alike.
  • A summary of CO-OP’s vision for the future for P2P/digital wallets and a summary of CO-OP’s current and planned services in this area.

Through education and service on P2P/digital wallets, CO-OP intends to ensure credit unions are at the forefront of financial services technology and convenience for their members.

About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, eCommerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 30,000 surcharge-free ATMs, 4,700 shared branching locations (plus 2,200 Vcom® kiosks) and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper.

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